Which of the Following Statements About Tar Sands Is NOT

question 18

Multiple Choice

Which of the following statements about tar sands is NOT true?

• A) They trap heavy, black oil called bitumen.
• B) Tar sands mining is more efficient than harvesting conventional sources of oil.
• C) Tar sands can be mined and processed to produce a substitute for petroleum.
• D) Canada has the world's largest bitumen reservoir, but much of it is trapped in tar sands.
• E) All of these answers are not true.

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Definitions:

Division of Output

The allocation of the total quantity of goods or services produced among various consumers or markets.

Central Planning

An economic system where the government makes all decisions on the production and distribution of goods and services.

Freedom of Enterprise

the ability of individuals to start and manage their own businesses without undue restriction or interference.

Entrepreneurs

Individuals who start, organize, manage, and assume the risk for a business or enterprise, often introducing new products or services to the market.